Incentive Pay For Non-Exempts: Tips For Creating An Effective And Legal Pay Plan
|Date / Time:
Incentive pay isn't for non-exempt employees - or is it? Actually, it's a common misconception that incentive-based compensation should be reserved for sales teams and executives only. Variable pay, when administered correctly, can work at all levels of your organization, and providing non-exempt employees with additional incentives can prove very valuable.
For this to work, reward structure is key. There's also the issue of how to structure rewards when it's difficult to track who did what and when, as well as the challenge of managing employee expectations effectively. It's also crucial to make sure you stay on the right side of wage and hour laws.
In order to keep your organization in compliance and your employees happy, get up to date on the ins and outs of incentive pay for non-exempt employees.
Don't miss our in-depth pay-for-performance webinar when you'll learn:
- What to consider before expanding your incentive pay plan to cover non-exempts, including how to tell if having separate incentive plans and targets for them is best
- Which industries have generally benefited from providing non-exempt workers with incentive-based compensation
- Whether cash is really king - or whether performance-recognition programs can be just as effective at driving non-exempt employees to excel
- Examples of when team-driven goals may be the way to go, instead of individual rewards
- Why basing your measures strictly on output could backfire, and how to achieve optimal balance between production or sales and work quality
- Why a well-designed incentive pay plan is only as good as the implementation and tracking strategies you've got in place to measure workers' contributions
- The pros and cons of discretionary vs. non-discretionary bonuses
- How to structure the rewards so your non-exempts don't mistake discretionary bonuses for mandatory ones
In just 90 minutes, you'll learn the secrets of designing effective incentives for your non-exempt employees. Register now for this informative event for HR professionals.
About your Speakers:
Katie Miller Busch is the owner of HR Compensation Consultants, LLC. She offers more than 15 years of progressive compensation experience having worked in various industries, including high-tech, loyalty marketing, biopharmaceuticals, retail, manufacturing, and logistics solutions. Katie started her career in governmental consulting developing pay plans for cities, counties, and state agencies. Recent consulting engagements include work in the US, Canada, Latin America and Europe, developing pay plans, employee manuals, job descriptions, career pathing programs, incentive plans, and performance management programs. She and her team provide a unique approach to every engagement tailored to the needs of each client.
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|Licenses / Designations / Educational Credits:||PHR / SPHR Re-Certification Credits|
All US States: 1.5
|About The Provider:
||BLR® is the leader in helping organizations, and their employees, reduce safety, environmental and employment compliance-related legal exposure, stay on the right side of law, and achieve their full potential. We offer best-in-class compliance product and services that includes news, information & analysis, best practice guidance, employee training and turn-key tools delivered in a wide range of formats from online applications, live events and websites to books, CD's, Video, Posters and newsletters geared to all sized organizations and industries.
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